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The 30-year Fixed-rate Mortgage Continues to Inch Up

Yesterday Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.43 percent.

““The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating rates should gently decline over the course of 2023,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data suggest the housing market has stabilized from a sales and house price perspective.”

Source: www.freddiemac.com


Are you considering selling and/or purchasing a home in Bucks, Montgomery, Delaware, Mercer, Burlington or Philadelphia? Now, more than ever, you need expert, professional representation. Before you consider making a move, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on dealing with bids, realistic prices and precise timing to suit your needs.


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Information is deemed reliable but not guaranteed.